Korea Policy Bank Prices
$250 Million in Bonds

By

Ditas Lopez

Updated Jan. 10, 2007 12:01 a.m. ET

SINGAPORE -- In a race to be the first Asian borrower to price an international bond in the new year, South Korea's National Agricultural Cooperative Federation jumped into the market yesterday to raise US$250 million.

The issue is the first in a likely series of borrowings that the state-owned policy bank expects will raise about $1 billion from the international bond market in 2007, an official at NACF's debt capital-market...